Clarivate Plc (NYSE:CLVT) Given Average Rating of "Hold" by Brokerages

Shares of Clarivate Plc (NYSE:CLVT - Get Free Report) have been given an average rating of "Hold" by the six research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $7.58.

A number of equities analysts recently weighed in on CLVT shares. Royal Bank of Canada lowered their price objective on shares of Clarivate from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Barclays dropped their price target on shares of Clarivate from $6.00 to $5.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 7th.

Insider Transactions at Clarivate

In related news, insider Bar Veinstein sold 60,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $7.00, for a total value of $420,000.00. Following the completion of the sale, the insider now owns 916,583 shares in the company, valued at $6,416,081. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Bar Veinstein sold 60,000 shares of Clarivate stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $7.00, for a total transaction of $420,000.00. Following the completion of the transaction, the insider now directly owns 916,583 shares of the company's stock, valued at approximately $6,416,081. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrew Miles Snyder bought 28,938 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $5.49 per share, for a total transaction of $158,869.62. Following the acquisition, the director now directly owns 288,334 shares of the company's stock, valued at $1,582,953.66. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 197,646 shares of company stock valued at $1,379,111 in the last ninety days. 22.77% of the stock is currently owned by company insiders.

Institutional Trading of Clarivate

Several large investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in Clarivate by 31.4% in the 1st quarter. Principal Financial Group Inc. now owns 39,027 shares of the company's stock valued at $290,000 after buying an additional 9,328 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Clarivate during the first quarter valued at $76,000. Capstone Investment Advisors LLC purchased a new stake in Clarivate during the 1st quarter worth about $305,000. Quantbot Technologies LP acquired a new position in Clarivate in the 1st quarter valued at about $623,000. Finally, Mesirow Institutional Investment Management Inc. purchased a new position in Clarivate in the 1st quarter valued at about $8,762,000. 85.72% of the stock is currently owned by institutional investors and hedge funds.

Clarivate Stock Performance

NYSE:CLVT traded down $0.16 during trading hours on Monday, reaching $6.45. 2,879,943 shares of the company's stock were exchanged, compared to its average volume of 4,110,282. Clarivate has a 1-year low of $4.97 and a 1-year high of $9.60. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of -3.38 and a beta of 1.18. The company has a 50-day moving average of $6.68 and a 200 day moving average of $6.32.

Clarivate (NYSE:CLVT - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. Clarivate had a positive return on equity of 10.01% and a negative net margin of 46.53%. The firm had revenue of $650.30 million for the quarter, compared to analyst estimates of $651.94 million. During the same quarter last year, the company posted $0.16 earnings per share. The business's revenue was down 2.8% on a year-over-year basis. Research analysts anticipate that Clarivate will post 0.64 EPS for the current year.

Clarivate Company Profile

Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.